Total Reward (Google) Essay Example | Topics and Well Written Essays - 500 words

Total Reward (Google) - Essay Example ng high compensation that is contingent on the performance of the employee; higher salary that what is normally paid for a comparable job and specific performance related incentives, such as bonuses. As Pfeffer (1998) points out, one of the means most companies use to attract high calibre employees to their organization is to offer them high salaries and added monetary benefits. In the case of Google, the Company not only offers a good monetary package, it also offers other rewards such as a sum of up to $8000 a year in tuition reimbursement, unlimited sick leave and 27 days of paid time off after a year of employment. (www.greatplacetowork.com). Additionally, the Company also provides employees the opportunity to avail of a five year leave of absence to pursue an education worth up to $150,000. Additional perks are also available on the job, such as medical, dental and child care facilities, valet parking and free meals. A total rewards programs helps employees to feel motivated and valued. It helps them feel that their organization really cares about them and about their welfare. A study that was carried out by Batt (2002) to examine the relationship between the quit rates of employees in call centres and their organizational performance to the kind of human resource reward practices that were being used at the firm. The findings in this study showed that quit rates were lower and there were high levels of sales growth in those call centres where employees participated in decision making and were offered HR incentives such as job security and high levels of pay. Since there is a great demand for talented employees in the workforce, the level of competition among employers to attract such employees is high and the offer of greater monetary benefits may serve to achieve this objective. Google requires very skilled and talented employees and its higher salaries, bonuses and incentives have proved to be very effective, because it is ranked as one of the best